For saleCondo
$68,900
109 E Luverne St Apt 337
Luverne MN 56156
1 bed, 1 bath, 834 sqft
109 E Luverne St Apt 337 is a 1 bed, 1 bath, 834 sqft condo home for sale at $68,900 in Luverne MN 56156. At 20% down it rents for an estimated $825/mo and returns $84/mo a month at a 8.1% cap rate.
The deal math
Modelled at 20% down on a 30-year loan at current market rates, before management, vacancy and maintenance reserves.
- Estimated rent
- $825/mo
- Monthly cash flow
- $84/mo
- Cap rate
- 8.1%
- Cash-on-cash
- 7.3%
- Max offer
- $67,500
Offer ≤ $67,500 (2% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
Loading